MINNEAPOLIS--(BUSINESS WIRE)--
Xcel Energy (NYSE: XEL) today announced it has sold $550 million of its
10-year senior unsecured notes with an interest rate of 4.7 percent. The
notes are redeemable subject to certain “make whole” provisions prior to
November 15, 2019 and at par anytime thereafter.
Proceeds will be added to our general funds and those proceeds will be
used to repay a portion of our outstanding commercial paper and fund
equity investments in one or more of our utility subsidiaries.
Barclays Capital Inc., Morgan Stanley & Co. Incorporated and UBS
Securities LLC acted as joint book runners for the offering. Scotia
Capital (USA) Inc. and U.S. Bancorp Investments, Inc. were co-managers
for the offering.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy any of the notes nor shall there be any
sale of the notes in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. The offering of the notes
may be made only by means of a prospectus supplement and accompanying
prospectus. Copies of the prospectus supplement and accompanying
prospectus for the offering may be obtained on the SEC website at www.sec.gov.
Alternatively, any underwriter or dealer participating in the offering
will send you the prospectus if you request it by calling (i) Barclays
Capital Inc., toll free 1-888-603-5847, (ii) Morgan Stanley & Co.
Incorporated, toll free at 1-866-718-1649, or (iii) UBS Securities LLC,
toll free at 1-877-827-6444 (ext. 561-3844). Additionally, a written
prospectus may be obtained by writing to Xcel Energy Inc., Corporate
Finance, 414 Nicollet Mall, 4th Floor, Minneapolis, MN 55401.
Xcel Energy is a public utility holding company with four utility
subsidiaries which serve 3.4 million electric and 1.9 million natural
gas customers in eight Western and Midwestern states. Company
headquarters are located in Minneapolis, MN.
Source: Xcel Energy
Contact:
Xcel Energy
Paul Johnson, 612-215-4535
Managing Director,
Investor Relations and Assistant Treasurer
or
Jack Nielson,
612-215-4559
Director, Investor Relations
For news media
inquiries only, please call Xcel Energy media relations, 612-215-5300